Direxion Daily MU Bear 1X ETF (MUD)

Direxion Daily MU Bear 1X ETF is a single-stock inverse fund from Direxion. It seeks daily investment results equal to 100% of the inverse (-1x) of the daily performance of Micron Technology, a manufacturer of DRAM and NAND memory and storage products.

The fund uses swap agreements to create its short exposure, aiming to rise on days when Micron shares fall. Because the target applies to a single day and is reset daily, returns over longer periods can differ from the inverse of Micron's cumulative performance. Shares trade on the Nasdaq.